EMSD
0807.009.316 · rovalta.com · 21/09/2026
ACTIVE
EMSD
Financial year 2025 · closed on 31/12/2025
Net result
175 k €
-1.8% YoY
Gross margin
2,1 M €
+11.6% YoY
Equity
1,5 M €
+15.3% YoY
Workforce
20,1 ETP
+8.1% YoY
Overview
What does EMSD do?
EMSD is a Public limited company incorporated in 2008. Its main activity is: Manufacture of weapons and ammunition. Its registered office is in Malmedy. It employs on average 20,1 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0807.009.316
Incorporation
10/10/2008
Legal form
Public limited company
Registered office
Avenue de Norvège 41
4960 Malmedy · WallonieSee on map
4960 Malmedy · WallonieSee on map
Contributed capital
270 000,00 €
Latest accounts
31/12/2025
Average workforce
20,1 ETP
Activities (NACE)
25401Manufacture of weapons and ammunition· main25501Forging, pressing, stamping and roll-forming of metal; powder metallurgy43211Electrical installation43211Electrical installation25401Manufacture of weapons and ammunition25501Forging, pressing, stamping and roll-forming of metal; powder metallurgy+9
Joint committees (1)
- 111
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 17 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||
| Gross margin | 2,1 M € | +11.6% | 1,9 M € | +31.9% | 1,4 M € | +3.1% | 1,4 M € | +0.4% | 1,4 M € | +11.7% | 1,2 M € | -2.0% | 1,3 M € | +8.4% | 1,2 M € | +16.6% | 998,5 k € | +23.7% | 807 k € | +30.7% | 617,6 k € | +22.4% | 504,6 k € | +97.8% | 255,1 k € | +15.7% | 220,4 k € | -10.4% | 246 k € | +206% | 80,4 k € | +43.3% | 56,1 k € |
| EBITDA | 942 k € | +4.8% | 898,9 k € | +40.3% | 640,6 k € | +8.6% | 589,8 k € | +8.5% | 543,6 k € | +6.0% | 512,7 k € | +3.9% | 493,3 k € | +4.7% | 471,3 k € | +24.1% | 379,7 k € | +7.8% | 352,4 k € | +26.4% | 278,7 k € | +1.5% | 274,7 k € | +108% | 131,8 k € | -15.3% | 155,7 k € | -19.2% | 192,7 k € | +144% | 79,1 k € | +41.8% | 55,8 k € |
| Operating result | 403,5 k € | +6.6% | 378,6 k € | +79.1% | 211,4 k € | -0.5% | 212,4 k € | +31.5% | 161,5 k € | +15.8% | 139,5 k € | -9.4% | 154 k € | +12.6% | 136,8 k € | +68.9% | 81 k € | -17.9% | 98,6 k € | +58.0% | 62,4 k € | -45.3% | 114,1 k € | +236% | 34 k € | -60.1% | 85,1 k € | -30.6% | 122,7 k € | +254% | 34,7 k € | -5.9% | 36,9 k € |
| Net result | 175 k € | -1.8% | 178,3 k € | +96.1% | 90,9 k € | -25.0% | 121,1 k € | +53.2% | 79,1 k € | +65.8% | 47,7 k € | -29.0% | 67,2 k € | +43.7% | 46,7 k € | +202% | 15,5 k € | -42.4% | 26,9 k € | +70.6% | 15,8 k € | -72.3% | 56,8 k € | +215% | 18 k € | -67.1% | 54,9 k € | -29.2% | 77,5 k € | +255% | 21,8 k € | -23.4% | 28,5 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||
| Equity | 1,5 M € | +15.3% | 1,3 M € | +13.7% | 1,1 M € | +6.6% | 1 M € | +11.1% | 941 k € | +5.6% | 890,7 k € | +4.6% | 851,7 k € | +4.4% | 815,6 k € | +4.1% | 783,8 k € | +3.3% | 758,9 k € | +24.5% | 609,7 k € | +73.0% | 352,4 k € | +50.5% | 234,2 k € | +6.4% | 220,2 k € | +58.1% | 139,3 k € | +126% | 61,7 k € | +54.7% | 39,9 k € |
| Total assets | 7,4 M € | +14.0% | 6,5 M € | +21.7% | 5,4 M € | -4.5% | 5,6 M € | -3.7% | 5,8 M € | -0.4% | 5,9 M € | +22.0% | 4,8 M € | +3.4% | 4,6 M € | -4.1% | 4,9 M € | +37.1% | 3,5 M € | +8.7% | 3,3 M € | +62.3% | 2 M € | +46.1% | 1,4 M € | +122% | 617,7 k € | +9.9% | 562,1 k € | +68.7% | 333,2 k € | +80.1% | 185 k € |
| Cash | 75,1 k € | -66.6% | 224,8 k € | +59.2% | 141,2 k € | -50.6% | 285,6 k € | +44.6% | 197,5 k € | +20.3% | 164,1 k € | +102% | 81,3 k € | +13.4% | 71,7 k € | +65.0% | 43,5 k € | +70.3% | 25,5 k € | -84.7% | 166,4 k € | +157% | 64,6 k € | +190% | 22,3 k € | -84.4% | 142,4 k € | +109% | 68 k € | +436% | 12,7 k € | -56.6% | 29,2 k € |
| Debts | 5,9 M € | +13.3% | 5,2 M € | +23.9% | 4,2 M € | -6.9% | 4,5 M € | -6.6% | 4,9 M € | -1.4% | 4,9 M € | +26.4% | 3,9 M € | +3.1% | 3,8 M € | -6.9% | 4,1 M € | +46.5% | 2,8 M € | +5.1% | 2,6 M € | +60.7% | 1,6 M € | +44.9% | 1,1 M € | +188% | 394,3 k € | -6.7% | 422,7 k € | +55.7% | 271,5 k € | +87.1% | 145,2 k € |
| Other | |||||||||||||||||||||||||||||||||
| Workforce | 20,1 ETP | +8.1% | 18,6 ETP | +16.3% | 16,0 ETP | -2.4% | 16,4 ETP | +0.6% | 16,3 ETP | -7.4% | 17,6 ETP | +10.7% | 15,9 ETP | +7.4% | 14,8 ETP | +3.5% | 14,3 ETP | +25.4% | 11,4 ETP | +32.6% | 8,6 ETP | +56.4% | 5,5 ETP | +77.4% | 3,1 ETP | +47.6% | 2,1 ETP | +61.5% | 1,3 ETP | – | – | ||
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 12 ended
Active mandates
Darius ONITA-LEHNEN
ActiveJulien DIFFELS
ActiveMichel DIFFELS
ActiveEnded mandates
Ended
Darius ONITA-LEHNEN
EndedJulien DIFFELS
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 28/07/2026 | 07/07/2025 | 30/07/2024 | 16/07/2023 | 29/08/2022 | 13/08/2021 |
| General meeting | 28/05/2026 | 30/05/2025 | 30/05/2024 | 29/06/2023 | 30/06/2022 | 24/06/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
17 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 28/05/2026 | 28/07/2026 | French | |
| Abridged model | 31/12/2024 | 30/05/2025 | 07/07/2025 | French | |
| Abridged model | 31/12/2023 | 30/05/2024 | 30/07/2024 | French | |
| Abridged model | 31/12/2022 | 29/06/2023 | 16/07/2023 | French | |
| Abridged model | 31/12/2021 | 30/06/2022 | 29/08/2022 | French | |
| Abridged model | 31/12/2020 | 24/06/2021 | 13/08/2021 | French | |
| Abridged model | 31/12/2019 | 25/06/2020 | 19/08/2020 | French | |
| Abridged model | 31/12/2018 | 27/06/2019 | 30/08/2019 | French | |
| Abridged model | 31/12/2017 | 28/06/2018 | 24/08/2018 | French | |
| Abridged model | 31/12/2016 | 29/06/2017 | 27/07/2017 | French | |
| Abridged model | 31/12/2015 | 30/06/2016 | 04/07/2016 | French | |
| Abridged model | 31/12/2014 | 25/06/2015 | 20/08/2015 | French | |
| Abridged model | 31/12/2013 | 26/06/2014 | 29/08/2014 | French | |
| Abridged model | 31/12/2012 | 27/06/2013 | 04/11/2013 | French | |
| Abridged model | 31/12/2011 | 28/06/2012 | 29/08/2012 | French | |
| Abridged model | 31/12/2010 | 30/06/2011 | 29/08/2011 | French | |
| Abridged model | 31/12/2009 | 24/06/2010 | 30/08/2010 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 k€
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 12 ended
Active mandates
Darius ONITA-LEHNEN
ActiveJulien DIFFELS
ActiveMichel DIFFELS
ActiveEnded mandates
Ended
Darius ONITA-LEHNEN
EndedJulien DIFFELS
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates05/01/2024DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
- Mandates20/10/2022DEMISSIONS, NOMINATIONS
- Mandates16/08/2016SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
- Capital / shares28/09/2015CAPITAL, ACTIONS - DIVERS
- Registered office22/12/2014SIEGE SOCIAL
- Other20/10/2008RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025175 k €↓
- 2024Annual accounts 2024178,3 k €↑
- 2023Annual accounts 202390,9 k €↓
- 2022Annual accounts 2022121,1 k €↑
- 2021Annual accounts 202179,1 k €↑
- 2020Annual accounts 202047,7 k €↓
- 2019Annual accounts 201967,2 k €↑
- 2018Annual accounts 201846,7 k €↑
- 2017Annual accounts 201715,5 k €↓
- 2016Annual accounts 201626,9 k €↑
- 2015Annual accounts 201515,8 k €↓
- 2014Annual accounts 201456,8 k €↑
- 2013Annual accounts 201318 k €↓
- 2012Annual accounts 201254,9 k €↓
- 2011Annual accounts 201177,5 k €↑
- 2010Annual accounts 201021,8 k €↓
- 2009Annual accounts 200928,5 k €
- 10/10/2008IncorporationPublic limited company